Incro
@t_Incro
What symbols does the trader recommend buying?
Purchase History
پیام های تریدر
Filter
Signal Type
Looking at the monthly chart there are two major multiyear trendlines (green, we are currently breaking out of) and the yellow one. If we take the height of the green wedge we would have a PT of ~1900 which would allign with the 2.618 fib extension of wave 1 finally breaking the yellow trendline. This could mark the end of wave 3 followed by a possible corrective wave 4 with a retest of the yellow trendline. If we now take the height of the yellow wedge we can set a PT of ~3300 being counted as an extended wave 5. This is the base case. Given the nature of crypto and as BCH shares the same scarcity as BTC there is also a chance of a parabolic move (espacially once the yellow trendline is broken) with PTs of 6700 - 11000 using the fib extension on the whole structure and targeting the range between the 1.618 and 2.168 extenstion. All this is off the table should BCH fail to break the yellow trendline.
Disclaimer
Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.